Welcome to our dedicated page for Alexander's news (Ticker: ALX), a resource for investors and traders seeking the latest updates and insights on Alexander's stock.
Alexander’s, Inc. (NYSE: ALX) is a real estate investment trust with a concentrated portfolio of five properties in New York City. This news page brings together company announcements and regulatory disclosures that highlight how Alexander’s manages and finances its nonresidential buildings, including retail and shopping center assets.
Readers can find updates on quarterly and year-to-date financial results, where Alexander’s reports net income and Funds from Operations (FFO) in line with the NAREIT definition. These releases explain how FFO is calculated, how it differs from GAAP net income, and why management, investors and analysts use it to compare operating performance among REITs.
The news flow also covers capital markets and property-level financing activity. Examples include the completion of a $175 million refinancing of the Rego Park II shopping center in Queens, New York, and the restructuring of a $300 million mortgage loan on the retail condominium units of the 731 Lexington Avenue property in Manhattan. Related Form 8-K filings describe the terms of these loans, including maturity dates, interest structures and payment waterfalls.
In addition, Alexander’s issues press releases about regular quarterly dividends declared by its Board of Directors, providing insight into its distribution practices as a REIT. The company also announces timing for its Form 10-Q filings and notes that Vornado Realty Trust, the manager that conducts Alexander’s operations, may discuss Alexander’s on its quarterly earnings conference calls.
Investors and followers of ALX can use this page to review historical announcements, monitor changes in financing arrangements for key properties, and track the company’s reported financial performance and dividend declarations over time.
ALEXANDER’S, INC. (ALX) reported its financial results for Q4 and the year ended December 31, 2020. Net income for Q4 2020 was $18.4 million ($3.60 per share), an increase from $14.4 million ($2.82 per share) in Q4 2019. Funds from operations (FFO) for Q4 2020 reached $25.4 million ($4.96 per share), up from $24.6 million ($4.81 per share) in the same quarter previous year. However, net income for the full year decreased to $41.9 million ($8.19 per share) from $60.1 million ($11.74 per share) in 2019. FFO for the year fell to $82.5 million ($16.11 per share) from $99.7 million ($19.47 per share) in 2019.
Alexander’s, Inc. (NYSE: ALX) will file its annual report on Form 10-K for the fiscal year ending December 31, 2020, on February 16, 2021, prior to the NYSE opening. The company, managed by Vornado Realty Trust (NYSE: VNO), will also announce its fourth quarter and full-year earnings on this date. A quarterly earnings conference call will be held on February 17, 2021, at 10:00 a.m. ET, discussing key financial metrics and operational updates for Alexander's, which operates seven properties in the New York City area.
Alexander’s, Inc. (NYSE: ALX) declared a quarterly dividend of $4.50 per share, to be paid on February 12, 2021, to stockholders on record as of February 1, 2021. This dividend reflects the company’s ongoing commitment to return value to its shareholders. As a real estate investment trust, Alexander's owns seven properties in the greater New York City area, contributing to its financial stability.
ALEXANDER’S, INC. (ALX) reported its Q3 2020 results, showing a net income of $6.6 million or $1.29 per diluted share, down from $16.5 million or $3.22 a year ago. Funds from operations (FFO) for Q3 2020 were $15.4 million or $3.00 per diluted share, compared to $25.2 million or $4.92 in Q3 2019. For the nine months ended September 30, 2020, net income was $23.5 million (or $4.59 per diluted share), down from $45.6 million (or $8.92) the previous year. Approximately 95% of rent was collected for Q3 2020.
ALEXANDER'S, INC. (NYSE: ALX) has declared a quarterly dividend of $4.50 per share, to be paid on November 20, 2020. Stockholders on record by November 9, 2020 will be eligible. This announcement reinforces the company's commitment to returning value to its shareholders. Alexander’s operates seven properties in the greater New York City area, solidifying its position in a prime real estate market.
ALEXANDER’S (NYSE: ALX) has secured a $94 million financing for The Alexander, a 312-unit residential project in Rego Park, Queens. This interest-only loan has a fixed rate of 2.63% and matures in November 2027. The property is part of a larger complex developed by the company. Alexander’s, a real estate investment trust, operates seven properties in the greater New York City area.
ALEXANDER’S, INC. (NYSE: ALX) will hold a quarterly earnings conference call on November 4, 2020, at 10:00 a.m. ET. The call, managed by Vornado Realty Trust (NYSE: VNO), will discuss key information regarding Alexander’s operations. Investors can join the call by dialing 888-771-4371 domestically or 847-585-4405 internationally, using passcode 49978074. A live webcast will also be available on Vornado's website. Alexander’s is a real estate investment trust with seven properties in the New York City metropolitan area.
ALEXANDER'S, INC. (ALX) has amended a $350 million mortgage loan on its retail condominium at 731 Lexington Avenue, reducing the principal to $300 million. The maturity date has been extended to August 2025, and the company guarantees interest payments and certain leasing costs. The loan, which remains interest-only at LIBOR plus 1.40% (currently 1.55%), is non-recourse to the company. The company operates seven properties in the greater New York City area.
ALEXANDER’S, INC. (ALX) reported second quarter 2020 financial results showing a net income of $12.3 million, or $2.41 per diluted share, up from $11.3 million, or $2.20 per diluted share in Q2 2019. However, Funds from Operations (FFO) declined to $18.0 million, or $3.51 per diluted share, down from $24.3 million, or $4.75 per diluted share in the same quarter last year. For the first half, net income was $16.9 million, or $3.30 per diluted share, significantly lower than $29.1 million, or $5.70 in H1 2019. Approximately 89% of rent was collected during the quarter.
Alexander's, Inc. (NYSE: ALX) declared a quarterly dividend of $4.50 per share, payable on August 21, 2020, to stockholders of record by August 10, 2020. The company operates seven properties in the greater New York City metropolitan area. Future results may be influenced by various risks and uncertainties, including property improvement costs and impacts related to the COVID-19 pandemic.